Axa's book of motor business fell while its commercial property and liability business soared in the first six months of 2002.
Private motor premiums fell by 18% and commercial motor by 5% compared to the same period last year, while commercial non-motor shot up by 28% compared to the first six months of 2001.
The liability book grew by 32% and the property book by 27% compared to last years' interims. Both figures were aided by hard market conditions.
Axa said that personal motor and househoild fell 18% and 11% respectively due to better risk selection and other factors.
Axa Corporate Solutions reinsurance revenues rose by 14% to 2.2562m Euro in the first six months of this year compared to teh same period in 2001 and its insurance premiums rose 35% to 1.029m Euro over the same period.
